May 28, 2018
Thanks for visiting the site.
Ten days ago, we studied Lenovo Group using Bollinger Bands and Moving Average. The following Example, we use the basic technical analysis concept, support resistance. See illustration below for more.
Hong Kong Stock Analysis
0992.HK Lenovo Group and Support Resistance
Picture worth a thousand words, see chart. We study Lenovo Group using support resistance.
The basic strategy is buy support sell resistance. We can easily spot a ABCD pattern. An ABCD buy pattern. Now, we also could easily recognize a smaller ABCD pattern. It looks like an ABCD sell pattern. Now, the CD leg and the resistance are overlapping each other. But setup can fail, so, we for the bearish signal. Trade with eyes open.
Manage your risk.
May 25, 2018 Lenovo Group Support Resistance
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.